FAVEERE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FAVEERE
Largest movements
- Cash +€187,296
up €187,296 (+216%), from €86,799 to €274,094
mainly Net result for the year (+€108,692) and Receivables after one year (+€70,000)
- Receivables after one year -€70,000
down €70,000 (-30.4%), from €230,000 to €160,000
- Receivables within one year -€40,315
down €40,315 (-67.6%), from €59,681 to €19,366
of which Trade receivables: -€40,274
- Tangible fixed assets -€34,024
down €34,024 (-15.8%), from €215,429 to €181,405
of which Furniture and vehicles: -€25,121
- Reserves +€67,140
up €67,140 (+15.0%), from €448,635 to €515,775
of which Distributable reserves: +€67,140
- Other debts -€34,704
down €34,704 (-100%), from €34,704 to €0
- Tax, wage and social debts +€19,702
up €19,702 (+129%), from €15,247 to €34,949
of which Taxes: +€19,702
- Debts after one year -€9,500
down €9,500 (-23.5%), from €40,375 to €30,875
- Gross operating margin +€107,290
up €107,290 (+124%), from €86,724 to €194,014
- Taxes +€29,094
up €29,094 (+159%), from €18,303 to €47,397
- Depreciation +€11,373
up €11,373 (+50.2%), from €22,652 to €34,024
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €593,085 | €636,298 | +€43,213 | +7.3% |
| Fixed assets | 21/28 | €215,429 | €181,405 | -€34,024 | -15.8% |
| Tangible fixed assets | 22/27 | €215,429 | €181,405 | -€34,024 | -15.8% |
| Land and buildings | 22 | €93,193 | €87,441 | -€5,752 | -6.2% |
| Plant, machinery and equipment | 23 | €15,047 | €11,896 | -€3,151 | -20.9% |
| Furniture and vehicles | 24 | €107,189 | €82,068 | -€25,121 | -23.4% |
| Current assets | 29/58 | €377,656 | €454,893 | +€77,238 | +20.5% |
| Amounts receivable after more than one year | 29 | €230,000 | €160,000 | -€70,000 | -30.4% |
| Other amounts receivable | 291 | €230,000 | €160,000 | -€70,000 | -30.4% |
| Amounts receivable within one year | 40/41 | €59,681 | €19,366 | -€40,315 | -67.6% |
| Trade receivables | 40 | €59,639 | €19,366 | -€40,274 | -67.5% |
| Other amounts receivable | 41 | €42 | €0 | -€42 | -100% |
| Cash at bank and in hand | 54/58 | €86,799 | €274,094 | +€187,296 | +216% |
| Deferred charges and accrued income | 490/1 | €1,176 | €1,433 | +€257 | +21.9% |
| Total equity and liabilities | 10/49 | €593,085 | €636,298 | +€43,213 | +7.3% |
| Equity | 10/15 | €461,035 | €528,175 | +€67,140 | +14.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €448,635 | €515,775 | +€67,140 | +15.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €109,082 | €109,082 | = | 0.0% |
| Distributable reserves | 133 | €337,692 | €404,833 | +€67,140 | +19.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €27,271 | €27,271 | = | 0.0% |
| Deferred taxes | 168 | €27,271 | €27,271 | = | 0.0% |
| Amounts payable | 17/49 | €104,780 | €80,853 | -€23,927 | -22.8% |
| Amounts payable after more than one year | 17 | €40,375 | €30,875 | -€9,500 | -23.5% |
| Financial debts | 170/4 | €40,375 | €30,875 | -€9,500 | -23.5% |
| Amounts payable within one year | 42/48 | €61,999 | €49,511 | -€12,488 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €9,500 | €9,500 | = | 0.0% |
| Trade debts | 44 | €2,547 | €5,062 | +€2,514 | +98.7% |
| Suppliers | 440/4 | €2,547 | €5,062 | +€2,514 | +98.7% |
| Taxes, remuneration and social security | 45 | €15,247 | €34,949 | +€19,702 | +129% |
| Taxes | 450/3 | €12,947 | €32,649 | +€19,702 | +152% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €34,704 | €0 | -€34,704 | -100% |
| Accrued charges and deferred income | 492/3 | €2,406 | €467 | -€1,939 | -80.6% |
| Non-recurring operating income | 76A | €954 | €0 | -€954 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,652 | €34,024 | +€11,373 | +50.2% |
| Other operating charges | 640/8 | €2,237 | €3,188 | +€951 | +42.5% |
| Gross operating margin | 9900 | €86,724 | €194,014 | +€107,290 | +124% |
| Operating profit (loss) | 9901 | €61,835 | €156,802 | +€94,967 | +154% |
| Financial income | 75/76B | €0 | €4 | +€4 | +6,767% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +6,767% |
| Financial charges | 65/66B | €834 | €718 | -€116 | -13.9% |
| Recurring financial charges | 65 | €834 | €718 | -€116 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €61,001 | €156,089 | +€95,087 | +156% |
| Income taxes | 67/77 | €18,303 | €47,397 | +€29,094 | +159% |
| Profit (loss) for the period | 9904 | €42,698 | €108,692 | +€65,994 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €42,698 | €108,692 | +€65,994 | +155% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.